Coinbase versus Crypto.com? Crypto.com works well for users who prioritize an intuitive interface and mobile app convenience, while Coinbase is a fantastic option for beginners with its easy setup and educational resources.
Choosing a suitable cryptocurrency exchange in 2024 helps seasoned traders and newcomers feel more confident investing. Crypto.com and Coinbase each boast unique features and services catering to a diverse user base. But which one is better?
Remember that a Crypto.com versus Coinbase comparison is not just about fees or features — it's about aligning with an exchange that resonates with your crypto aspirations.
Crypto.com vs. Coinbase: At a Glance
Crypto.com and Coinbase both support over 200 cryptocurrencies.
Crypto.com vs. Coinbase: Features
When searching for the best cryptocurrency exchange, a user-friendly interface and affordable pricing are often priorities. Crypto.com and Coinbase offer both of these features and more.
Crypto.com Features
- Offers a diverse range of over 250 cryptocurrencies
- Ensures transparent and competitive fees, with potential discounts for users holding and using Crypto.com’s native token CRO
- Supports hardware wallets to enhance the security of users’ crypto holdings
- Provides Crypto.com Visa cards that enable users to spend their cryptocurrencies in everyday transactions
- Designed with a user-friendly interface, which simplifies navigation
- Simplifies the purchase of non-fungible tokens (NFTs) using either fiat currency or specific cryptocurrencies
- User-friendly mobile app available for Android and iOS devices
Coinbase Features
- Intuitive and user-friendly interface
- Emphasis on security, using Secure Sockets Layer (SSL), two-factor authentication and AES-256 encryption
- Offers a Visa debit card, a standalone noncustodial wallet and staking options
- Supports trading of hundreds of crypto assets beyond Bitcoin and Ethereum
- Provides educational resources and insights to support users in understanding the crypto landscape
- Comprehensive mobile app available on iOS and Android
Crypto.com vs. Coinbase: Supported Cryptocurrencies
Crypto.com supports over 350 cryptocurrencies, including the top 10 coins based on their market capitalization. It also provides access to 21 fiat-supported currencies.
Coinbas offers support for more than 260 tradable cryptocurrencies, allowing access to all top coins except for Binance Coin (BNB) and Ripple XRP. It enables trading across 300 trading pairs. Users can securely store more than 425 digital assets that span 38 chains.
Both exchanges support popular fiat currencies such as USD, EUR and GBP as well as coin fractions.
Crypto.com vs. Coinbase: Wallets
Both Crypto.com and Coinbase's digital wallets ensure high-level security by implementing multifactor authentication and address whitelisting. While Crypto.com sometimes makes whitelisting mandatory, Coinbase offers it as an optional feature. When it comes to storing user assets, Crypto.com claims to store 100% of assets in cold storage, while Coinbase stores 98%.
Crypto.com's proprietary wallet supports various networks such as Ethereum, Avalanche, Polygon, Binance and Cronos. Coinbase's wallet supports similar networks with the addition of Solana. Additionally, Crypto.com enhances the security of user assets with local encryption of private keys, which serves as an extra safeguard for users.
Crypto.com vs. Coinbase: Fees
Both platforms use the simple maker-taker trading fee model. You are known as a taker when you place an order at the market price that gets filled instantly. When you place an order that is not immediately matched by an existing order, it gets put on the order book. If another customer places an order that matches yours, you are considered a maker.
Crypto.com generally offers lower fees, ranging from 0% to 0.075% for makers and 0.05% to 0.075% for takers. There are no deposit or withdrawal fees. You’ll also enjoy additional trading benefits and daily CRO payouts when you lock up CRO.
Coinbase charges higher fees, ranging from 0% to 0.4% for makers and 0.05% to 0.6% for takers, making it more suitable for larger volume trades. It charges a $10 deposit fee and a $25 withdrawal fee for wire transfers.
Crypto.com vs. Coinbase: Security
Both Crypto.com and Coinbase prioritize the safety of their users' assets and personal information. They implement standard security practices such as two-factor authentication, offline storage and strong passwords. In addition, they provide Federal Deposit Insurance Corp. insurance for USD balances and insurance against theft or damage.
Crypto.com emphasizes the importance of creating strong passwords that combine letters, numbers and symbols. It employs advanced encryption techniques to secure transactions and protect against unauthorized access. The company also follows strict security protocols for key generation, wallet creation and key storage.
Coinbase uses state-of-the-art encryption to strengthen data security and provides features like two-step verification, password management and enhanced account protection. It also educates users on security tips and best practices to safeguard their wallets.
Crypto.com vs. Coinbase: Ease of Use
Crypto.com is a popular platform known for being easy to use and accessible to many users, regardless of their experience level. Its mobile app is optimized for trading, making it an attractive option for investors who prefer to manage transactions on their smartphones. Crypto.com offers a prepaid Visa card that rewards users with cashback, which makes it easy to spend cryptocurrency. However, some users may need help navigating the platform because of its extensive features. There are also limitations to the number of coins available and services provided in the U.S.
Coinbase is known for its simplicity, making it an excellent option for beginners new to cryptocurrency. Its user-friendly interface and quick account setup process allow users to begin trading in just a few minutes, and the platform provides clear asset performance charts. Coinbase also offers educational resources to help novice investors understand the complexities of the cryptocurrency market. However, Coinbase's fee structure is quite complex, with higher fees than other exchanges, which may deter cost-conscious users.
While Coinbase is better suited for beginners seeking simplicity, Crypto.com appeals to users looking for advanced tools and trading capabilities. Coinbase's unified platform may offer overall ease of use compared to Crypto.com's separate app and exchange.
Coinbase vs. Crypto.com: Find Your Perfect Exchange
Both Crypto.com and Coinbase have unique advantages that appeal to different types of cryptocurrency users. If you prioritize a diverse selection of coins, a sleek mobile app and advanced trading tools, Crypto.com might be right for you. It offers an extensive range of supported cryptocurrencies, a user-friendly interface and innovative features like the Crypto.com Visa card.
Coinbase excels in simplicity and educational resources, making it an ideal choice for beginners dipping their toes into cryptocurrency. Coinbase provides ease of use, quick setup and comprehensive educational support.
Frequently Asked Questions
Which is best: Coinbase or Crypto.com?
The best choice between Coinbase and Crypto.com depends on your needs. Crypto.com generally offers lower fees and more earning opportunities, while Coinbase is praised for its ease of use, especially for beginners.
Is Crypto.com shutting down?
No, Crypto.com is not shutting down. It is winding down its U.S. institutional business because of limited demand but continues to serve retail customers.
Is Crypto.com trustworthy?
Yes, Crypto.com is considered a reliable platform, offering a wide selection of cryptos and high security, though some services are not available in the U.S.
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About Anna Yen
Anna Yen, CFA is an expert crypto writer with over two decades of professional finance and writing experience in roles within JPMorgan and UBS derivatives, asset management, crypto, and Family Money Map. She specializes in writing about alternative investment topics ranging from derivatives to cryptocurrencies. Her work has been published on sites like the crypto exchange Bybit. After six years of personal experience investing in crypto, she prefers BTC, ETH, and SOL.